Volt Money Raises $1.5 Million in Pre-Seed Funding Round As per the company, the funding will be strategically used to recruit key personnel for product development and to establish beneficial partnerships

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Volt Money, a platform for instant secured loans against mutual funds, has announced a pre-Seed fundraising round of $1.5 million. The funding round saw participation from investors including Titan Capital, All In Capital, Praveen Jadhav of Raise Ventures, Aditi Kothari of DSP Adiko Holdings, Gemba Capital, Kunal Shah of Cred, and Ashish Kehair and Rahul Jain from Nuvama Wealth. As per the company, the funding will be strategically used to recruit key personnel for product development and to establish beneficial partnerships.

"We are at the cusp of disruption of instant secured loans in India. With the advanced digital infrastructures for KYC, account aggregator, and pledging capabilities, we're ideally positioned to seize a unique and very large opportunity. We're grateful for the trust our investors have placed in us," said Lalit Bihani, co-founder and CEO, Volt Money.

The Association of Mutual Funds in India (AMFI) indicates that 55% of mutual fund investments are liquidated within the first two years, robbing investors of the opportunity for compounding returns over time. In an official release, Volt Money said that it seeks to rectify this by offering attractive loan terms such as low interest rates, interest-only EMIs, and zero prepayment charges.

The company also added that it is disrupting instant secured loans for INR 10 crore investors with INR 40 lakh crore investment to easily meet short-term cash requirements without compromising long-term financial goals.

"Volt Money's innovative approach to offer seamless liquidity against financial savings is an essential service for today's investors. The early traction from customers and partners demonstrates a strong market fit for Volt Money's platform," said Bipin Shah, Titan Capital.

Founded in April 2022 by Lalit Bihani, Ankit Agarwal and Bharat Lamba, Volt Money claims that its mission is to empower 10 crore savvy investors to meet short-term cash needs without compromising on long-term goals.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

How to Build Endless Passive Income With This Simple Online Hustle

Autopilot stores aren't just income streams. They are passports to freedom, flexibility and finally working and living on your own terms.

Business News

ChatGPT's New Update Can Create PowerPoint Presentations and Excel Spreadsheets for You

The new AI agent can generate Google Sheets and slide decks, making it a powerful new office tool.

News and Trends

How this Technocrat is Automating Accounting's Messiest Problems with AI at Mesh

Engineering and systems infrastructure expert Nandini Ramakrishnan set out to solve as co-founder and CTO of Mesh, a fintech platform using AI to automate error-prone accounting workflows.

Science & Technology

How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)

Scale faster, work less and grow a 7-figure business — no team needed.

Business News

Robinhood Is Writing More Code with AI than Google or Microsoft

Robinhood co-founder and CEO, Vlad Tenev, says almost all engineers at the company have adopted AI coding tools.

News and Trends

Tata Electronics & Bosch Inks Pact For Key Tech Products

This partnership will focus on key technology products for advanced automotive electronics